DanielV01
Expert Alumni

Business & farm

Since the NOL is for 2016, you follow 2016 rules for the NOL.  It may be carried back, and even though 2014 and 2015 are "closed" years, they are re-opened for a claim of an NOL.  

A Net Operating Loss is a very complicated subject, to be sure, and obtaining a professional is not a bad idea, especially since after tomorrow TurboTax 2015 will no longer be available (and 2014 already is not available).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post